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Search Results 0 to 20 of about 21 (some duplicates have been removed)
CNN
Oct 14, 2012 12:00pm PDT
president obama. but first, here's where we are today. the u.s.'s largest trading partners are struggling, and that is strengthening the economic storm that's headed over from europe to the united states shores. this week the international monetary fund cut its forecast for global growth for both this career and next year. that's the world economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that depends on which of these two roads america takes on election day. i'm going to take you down both paths in this show starting with what 2016 will look look under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. i keep telling
CNN
Oct 7, 2012 12:00pm PDT
americans are looking at our u.s. markets as being very, very cheap. so you look at a big chunk of those buyers in florida, for example, on foreign buyers. so many americans are taking advantage of these lower interest rates. also rental rates have gone up so much that the cost of ownership right now in many instances after taxes is less money than it costs to rent. the big challenge, though, is we're not getting enough people able to move up out of their existing houses. we're not getting enough people to relocate because they're stuck in their homes even though they're current on their mortgages, even though they qualify for their mortgages, the homes are worth so much less than their current mortgage amounts. they can't get out and they can't refinance. and so there's got to be a new policy that comes in to address that challenge. >> ali, could i mention something about housing for a second? i want to pat myself on the back for a minute here, because as you know, for the last year or two, i've been somewhat bullish on real estate and housing, and i think we are seeing, this gentleman
CNN
Oct 27, 2012 1:00pm EDT
growth and this week, some of the biggest and strongest u.s. companies said the growth that we've already got is tepid and slowing. companies like caterpillar, generale electric, 3m, ford, all warning about conditions in europe and china, these are companies that are symbols of american stability, they are worried. so worried that some are laying off workers to cut costs. you remember that move. the problem here is that there's just less money coming into the united states. the candidates aren't talking about the slowdown overseas or the storm that it's fueling, but they claim that they can keep america competitive, create millions of jobs, and cut the deficit. voters understand their big ideas and they like them, but undecided voters aren't sure which guy can turn promises into economic reality. i've got two of the best political minds in the country to break this down for us. candy crowley our chief political correspondent, host of "state of the union with candy crowley" and mark preston, cnn's political director. candy, let's start with you. from the very first primary which yo
CNN
Oct 20, 2012 1:00pm EDT
% economic growth that u.s. achieved in this second quarter of this year isn't enough to make up for the romney short fall. and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasset is an economic adviser for the mitt romney campaign and author of some of the economic plans. kevin, romney plans seem to assume that simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep cost of those cuts. but a lot of economists agree with that notion. it's a classic chicken and egg scenario. i talked to larry summers a couple days ago. he can't get the math to work either. >> it's easy to have an attractive tax plan if your campaign staff can make it up. the reality is that every expert who's looked at it found that cutting taxes by 20% costs $5 trillion. >> okay. let's get down to this. we understand there will be certain revenues that will come in. there will be certain revenues lost. you kept people keep some of their money. the issue is how much more growth to you get from
CNN
Oct 21, 2012 12:00pm PDT
the second quarter this year isn't enough to make up for the romney shortfall, and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasseth is an economic adviser. kevin, romney's plan seems to assume that the simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep cost of those cuts. a lot of economists disagree with that notion, the classic chicken and egg scenario. i spoke with secretary larry m sumners a few weeks ago and he can't get it to work, either. >> the reality is that every expert that's looked at it has found that cutting taxes by 20% costs $5 trillion. >> let's just get down to this. we understand this there will be certain revenues that will come in, there will be certain revenues lost and there is a certain amount of growth that will come from the fact that you let people keep more of their money. the issue is how much more growth you get from that. am i right? the issue is how much better is the economy because you have given everybody
CNN
Oct 28, 2012 12:00pm PDT
straight. it will turn west and hit the u.s. if it turns quickly it will hit the del marvo and truly affect washington, d.c. with a significant bigger punch than is forecast now. >> with hardly any drainage. >> you push that water up to chesapeake and all of a sudden you have a significant basin that will take water and it will go up quickly. that's not the forecast. if it goes up north, it takes longer to turn and then you're piling all that water into long island sound and the east river, and all that water system, they're talking about it right now, they're concerned that the water may go into the new york subway system just like we were concerned in irene, it just didn't happen. this is a more important storm than irene was and irene was a $15 billion event. >> wow. that was significant. that was connecticut hit very hard. >> connecticut, vermont, new hampshire and into new jersey. >> power was out more than a week in some locations. we'll see you again momentarily. let's check in on a state that is feeling the fury of hurricane sandy right now, and that's north carolina, t
CNBC
Oct 22, 2012 10:30pm EDT
blood on their hands than the u.s. >> that's a better libya conversation. >> and i think it was a surprise to me that romney didn't then take that and segue into the other libya, but just let it go. >> he was playing it safe. >> that was a strategy thinking must have been intentional. carl? >> let's get back to john harwood in boca raton with senator marco rubio. john? >> i'm joined by marco rubio, the freshman senator from florida, someone who is a rising star in the republican party. senator, the tone of the commentary that my colleagues have been making is that mitt romney was very laid back, was not as aggressive as the president. the president may have scored more points. tell me if you were satisfied with that strategy by mitt romney and what difference it might make in the rest of the campaign. >> i think he was presidential tonight. this is not a debate society. we're talking about the -- >> it was a debate. >> but this is not a college debate competition. this is a competition to see who the next commander in chief of the most powerful armed forces in human history is goi
CNBC
Oct 22, 2012 8:00pm EDT
u.s. and israel. bob schiefer plans on america's role in the world. as always, we will take all the help we can get. tweet your fact checks using the hash tag or e-mail us, investigationsinc@cn investigationsinc@cnbc.com. >> he's been one of the democrat's big esz fundraisers in the past. >> billionaire is next. >>> welcome back. there's a live shot in boc boca raton, florida tonight. there's a shot of governor romney's wife, ann romney. of course, things are heating up ahead of the third and final face-to-face confrontation. foreign policy converges with domestic policy. >> john, it's all intertwined now, isn't it? >> absolutely. you know, when you have a global economy like we have, all of the factors of american power are bound up with economic strength. and so you can make a fundamental argument that the best way for america to lead in the world is to have a strong economy. i would expect both candidates to make that point tonight. and explain why there are different approaches to achie achieving that are superior. you've got china, the turmoil in the middle east, the war in afg
CNBC
Oct 16, 2012 8:00pm EDT
cnbc contributor judd greg and bill daly, chief of staff to president obama, also the former u.s. commerce secretary. good evening to you both. >> good to see you. >> bill, begin with you, gallup has said that debate number one the most lop-sided debate loss in recent history. how do you come back from that? >> the size of the audience will probably be comparable and the president will be once again speaking to the american people about the next four years the interest in this debate and the interest in this election is based upon a real concern about the future of our country and the fact is, these have been difficult four years. we're coming out of a -- the worst economic situation we've seen in our lifetime and so i think the interest by the american people and the hype around this debate and the media's hype around it, the president has admitted that he had a difficult debate last time, no question about it, but i think he's prepared to speaks to the american people in this format of a town hall which is important to get real people the chance to speak and talk to the preside
CNBC
Oct 16, 2012 10:30pm EDT
you invest overseas, you make profits overseas, you don't have to pay u.s. taxes. but of course, if you're a small business or a mom and pop business or a big business starting up here, you got to pay even the reduced rate that governor romney's talking about. it's estimated that that will create 800,000 new jobs. the problem is they'll be in china or india or germany. that's not the way we're going to create jobs here. the way we're going to create jobs here is not just to change our tax code but also to double our exports, and we're on pace to double our exports. that's creating tens of thousands of jobs all across the country. that's why we kept on pushing trade deals but trade deals that make sure that american workers and american businesses are getting a good deal. now, governor romney talked about china. az already indicated, in the private sector governor romney's company invested in what were called pioneers of outsourcing. that's mott not my phrase. that's what reporters called it. as far as currency manipulation, the currency has gone up 11% since i've been president beca
CNBC
Oct 11, 2012 8:00pm EDT
ratner, former u.s. treasury auto adviser and a cnbc contributor. good evening to you both. want to talk fiscal cliff but scott's point about the word liar being loadsed tonight is that wise for biden? to what degree are you allowed to be aggressive when you are still the 15th longest serving senator in history? >> i think that is -- there's a level of aggressiveness that's appropriate. to call out congressman ryan on the facts is appropriate. i don't think you need to be calling each other liars in a debate. we hopefully well will have a much more thoughtful and content rich debate than that. >> al thee steven, i've been shocked by how much this $5 trillion tax cut has been debated back and forth. each side is convinced they're right and trying to push out this story. do we get an answer on that from either side? >> i don't think it's complicated. ryan and romney have proposed a $5 trillion -- >> not with the loopholes being closed. >> to be paid for by closing a bunch of loopholes which they have refused to specify. so those are the facts. i don't think there's any disagreement ab
Search Results 0 to 20 of about 21 (some duplicates have been removed)